AGCO Co. (NYSE:AGCO) Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its position in shares of AGCO Co. (NYSE:AGCO) by 39.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 884 shares of the industrial products company’s stock after purchasing an additional 250 shares during the period. CENTRAL TRUST Co’s holdings in AGCO were worth $107,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP boosted its stake in AGCO by 278.0% during the 2nd quarter. Quarry LP now owns 189 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 139 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in shares of AGCO in the 3rd quarter worth approximately $26,000. Legacy Financial Group LLC acquired a new stake in shares of AGCO in the 3rd quarter worth approximately $27,000. Point72 Asset Management L.P. acquired a new stake in shares of AGCO in the 2nd quarter worth approximately $36,000. Finally, Allworth Financial LP lifted its stake in shares of AGCO by 72.3% in the 4th quarter. Allworth Financial LP now owns 286 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 120 shares during the period. 78.80% of the stock is owned by institutional investors and hedge funds.

AGCO Stock Up 2.1 %

AGCO stock opened at $123.96 on Wednesday. AGCO Co. has a 12 month low of $105.77 and a 12 month high of $140.46. The firm has a market cap of $9.25 billion, a PE ratio of 7.93, a P/E/G ratio of 0.70 and a beta of 1.31. The firm has a 50 day simple moving average of $115.64 and a 200 day simple moving average of $117.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.46 and a quick ratio of 0.67.

AGCO (NYSE:AGCO) last released its earnings results on Tuesday, February 6th. The industrial products company reported $3.78 EPS for the quarter, missing the consensus estimate of $4.03 by ($0.25). AGCO had a net margin of 8.13% and a return on equity of 26.96%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the company earned $4.47 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts forecast that AGCO Co. will post 13.08 earnings per share for the current fiscal year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, February 14th. AGCO’s dividend payout ratio is presently 7.42%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AGCO shares. Truist Financial started coverage on shares of AGCO in a research note on Thursday, March 14th. They issued a “buy” rating and a $142.00 price target for the company. Stifel Nicolaus reduced their price target on shares of AGCO from $160.00 to $153.00 and set a “buy” rating for the company in a research note on Tuesday, December 19th. Finally, StockNews.com lowered shares of AGCO from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.33.

AGCO Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.